8th Pay Commission: 186% Salary Hike For Central Govt Employees To New Mechanism

The formation of the 8th Central Pay Commission is the topic of widespread speculation and discussion across the length and breaths of the country for quite a long time now. Notably, the Union Finance Ministry has recently clarified that it does not intend to establish a new Pay Commission at present. This news was a shocker for over 1 crore central government employees and pensioners.

However, the Confederation of Central Government Employees and Workers recently wrote a letter to the Prime Minister Narendra Modi asking to set up a new Pay Commission without any further delay. The worker’s body emphasized that the central government employees haven’t received a pay hike since 2016. It is worth noting that the central government had implemented the recommendations of the 7th Pay Commission in 2016. Significantly, the 7th Pay Commission had raised the minimum monthly salary of the central government employees from Rs 7,000 to Rs 18,000.

8th Pay Commission Or A New Mechanism?

According to recent media reports, the central government is eying on a new mechanism to revise the salaries of employees and pensions of pensioners. Reports indicate that the government may consider salary increases for central government employees depending on their performances and inflation.

This means that salaries will be revised more often without waiting for a new pay commission. This will make government employees’ salaries revised according to the pace of increasing inflation. However, the full details of the plan are still not clear, leaving employees in the sense of uncertainty.

Debate On 186% Salary Hike

Shiv Gopal Mishra, secretary of the staff side of the National Council of Joint Consultative Machinery (NC-JCM), earlier stated that the next Pay Commission may recommend a fitment factor of “at least 2.86”. This sparked the debate on the potential salary hike. Notably, if the central government approves this fitment factor, the minimum basic pay would jump from Rs 18,000 to Rs 51,480, representing a 186% pay hike.

Likewise, at the same fitment factor, the minimum pension of the central government pensioners could also witness a significant hike. It can jump to Rs 25,740 from Rs 9,000.

ALSO READ: 5-Day Working For Banks: Will It Happen By December 2024? Here’s What You Need To Know